Taiwan has to step up opening of economy

Lee Wo-chiang 李沃牆

With appropriate planning and execution, the free economic pilot zones could relieve a human capital deficit, resuscitate the economy, improve the domestic economic environment, consolidate Taiwan’s core competitive advantages and help promote regional economic cooperation — all of which would help the nation’s competitiveness.

Lee Wo-chiang is a professor in Tamkang University’s department of banking and finance.